The new Chair of the U.S. Securities and Exchange Commission (SEC) reportedly has a crypto portfolio worth millions of dollars.

According to a new report from Fortune, an ethics disclosure reveals that Paul Atkins – President Donald Trump’s nominee to be the next SEC Chair – holds about $6 million in crypto-related investments, including $1 million worth of equity in two crypto firms and $5 million in crypto investment funds.

Atkins, who previously served as the SEC’s Chair between 2002 and 2008 under then-President George W. Bush, held a board seat on Securitize – a tokenization firm backed by asset management giant BlackRock – and owned between $250,000 and $500,000 worth of call options in the company, according to the report.

He also held between $250,000 and $500,000 in equity in crypto bank Anchorage Digital and between $1 million and $5 million worth of staked crypto on Off the Chain Capital, an investment fund of which he is a limited partner.

In the ethics agreement, Atkins agreed to divest his holdings after his confirmation, which is slated for Thursday.

According to Bloomberg, Atkins and his spouse have a net worth of at least $327 million.

Under the helm of its previous Chair, Gary Gensler, the SEC waged war on the digital assets industry by accusing several high-profile crypto firms, including Ripple Labs, Binance, Coinbase, and Consensys, of violating securities laws. Gensler also deemed many crypto assets, including smart contract platforms Ethereum (ETH) and Solana (SOL), as securities that fell under the agency’s regulatory jurisdiction.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network’s security and decentralization. 

The move aligns Google Cloud supporting Injective’s (INJ) ecosystem, according to a company release.

Beyond validation, Google Cloud is integrating its Web3 infrastructure with Injective. Developers can now access Injective’s blockchain data through Google Cloud’s BigQuery public datasets, enabling real-time insights for DeFi applications and institutional trading strategies. 

Injective’s developer suite is also hosted on Google Cloud, offering tools like testnet faucets and indexed data for dapp development.

Injective and Google Cloud are also co-hosting an AI Agent Hackathon with ElizaOS and DoraHacks, encouraging developers to create AI-powered financial applications using Injective’s iAgent framework.

Google Cloud has previously joined networks like Celo (CELO), Solana (SOL), and Polygon (POL) as a validator. Its Web3 services continue to bridge traditional enterprise infrastructure with blockchain innovation, driving adoption across decentralized ecosystems.

Morgan Stanley’s chief investment officer and chief US equity strategist, Mike Wilson, is issuing a warning on the stock market.

Wilson says in a CNBC interview that the stock market rally currently being experienced is unlikely to last long.

“It’s going to remain volatile through the end of the second quarter. So whatever rally we’re getting now, we think probably ends up fading into earnings into May and June, and it will probably make a more durable low later in the year.”

According to Wilson, fundamental factors are driving the stock market lower.

“At the end of the day, I mean, everybody’s talking about tariffs right now. But the reason the markets are lower over the course of the last three or four months has nothing to do with tariffs. It’s mostly to do with the fact that earnings revisions have rolled over, the Fed stopped cutting rates, you had stricter enforcement on immigration, you have DOGE (Department of Government Efficiency). All those things are growth-negative. And then tariffs is just kind of the final piece that kind of got people really kind of bearish at the end.”

The Morgan Stanley chief investment officer further says that President Donald Trump’s presumed nonchalance over the stock market has had a negative impact.

“And I would say the thing that really got the S&P going down at the very end was when it became clear that the [U.S.] President does not care about the stock market, at least for now. And that that, you know, lack of a Trump put was like really new news to people.”

The S&P 500 is down by around 6% from the all-time high of 6,147 points reached on February 19th.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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